IBM reports Q2 adjusted EPS $2.80, consensus $2.65

Reports Q2 revenue $17B, consensus $16.59B. “The innovation we are bringing to market across the portfolio continues to resonate with clients as they scale their AI adoption and investments. As a result, revenue growth, portfolio mix and ongoing productivity initiatives drove significant margin expansion and double-digit profit growth,” said James Kavanaugh, IBM (IBM) senior vice president and chief financial officer. “This combination delivered solid free cash flow, fueling our ability to invest in the business and return value to shareholders through dividends.”